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There is a trading opportunity to buy in IOTAUSDMidterm forecast: While the price is above the support 0.2045, beginning of uptrend is expected. We make sure when the resistance at 0.4015 breaks. If the support at 0.2045 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 45. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.2660 to 0.2045). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.2660) Ending of entry zone (0.2045) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons: Take Profits: TP1= @ 0.3340 TP2= @ 0.4015 TP3= @ 0.4535 TP4= @ 0.5260 TP5= @ 0.6105 TP6= @ 0.7920 TP7= @ 0.9265 TP8= @ 1.1550 TP9= @ 1.4475 TP10= @ 1.7435 TP11= @ 2.2170 TP12= @ 2.6930 TP13= @ 3.3680 TP14= @ 4.2300 TP15= Free
BITFINEX:IOTUSDLong
by ForecastCity
2
There is a trading opportunity to buy in IOTAUSDTechnical analysis: . IOTA/US Dollar is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 45. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.2610 to 0.2045). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.2610) Ending of entry zone (0.2045) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons: Take Profits: TP1= @ 0.3340 TP2= @ 0.4015 TP3= @ 0.4535 TP4= @ 0.5260 TP5= @ 0.6105 TP6= @ 0.7920 TP7= @ 0.9265 TP8= @ 1.1550 TP9= @ 1.4475 TP10= @ 1.7435 TP11= @ 2.2170 TP12= @ 2.6930 TP13= @ 3.3680 TP14= @ 4.2300 TP15= Free
BITFINEX:IOTUSDLong
by ForecastCity
6
IOTA (MIOTA) Price Prediction - Overview and Long-Term ForecastIOTA is an open source distributed ledger designed to execute transactions between machines connected to the Internet-of-Things. According to its founders: “We envision IOTA to be a public, permission less backbone for the Internet of Things that enable true interoperability between all devices”. Sounds a little scary to me though, could be the start of “Skynet” and we all know how that turned out. It was launched in July 2017 and uses a Decentralized Acyclic Graph (DAG) instead of a blockchain. Its native digital asset is called MIOTA which enables micro-transactions between connected devices. The use of the DAG removes the dependency on miners for transaction validation: each new transaction must approve two previous transactions, thus eliminating the need for consensus in IOTA’s network. IOTA (MIOTA) Technical Analysis – The Big Picture MIOTA has been trading at $0.29 with a total circulating supply valued at $810,668,236. This puts it in the number 14 spot by market cap rankings. Similar to most other cryptocurrencies, IOTA reached its all-time high in late December 2017 and has been sliding lower ever since. The last few weeks have been flat, with low volume and almost no volatility which means we may see a strong move to either side very soon. However, this next strong move may be short-lived, and the price could reverse rather quickly so I urge caution. In the longer term, we can expect to see some type of bullish-movement develop due to the fact the downtrend is exhausted, there is established support in the $0.24 area and bearish advances have stalled. From a Daily chart perspective, the pair is trapped inside a horizontal channel created by 0.2415 support and 0.4000 resistance. The bears have attempted to break said channel but failed so we can consider it to be firm support for the time being. This presents us with two scenarios that could develop over the next 3 to 6 months. A break of 0.4000 could generate a climb to the previous significant high of 0.8200 while a break of 0.2415 will likely trigger an extended drop to the all-time low. A bullish break of the 100 days Exponential Moving Average (red line on daily chart above) would increase the chances of a move above 0.4000, thus opening the door for a move into 0.80 area over the coming months. Daily Chart Support: $0.2415 ($0.2400) Weekly Chart Support: $0.2400 followed by the all-time low at $0.14 Daily Chart Resistance: 100 days Exponential Moving Average and $0.4000 Weekly Chart Resistance: $0.4000 and $0.8200 Most likely scenario: a break of the horizontal channel will likely generate an extended move towards either $0.8000 or $0.1400; beware that the initial break may be a false one Alternate scenario: price action remains flat for the coming months, with no interest for the coin from either bulls or bears
BITFINEX:IOTUSDLong
by UToday
IOTAUSD - 1D Chart AnalysisAs with Ethereum, the price of Iota has followed the same pattern with 3 different occasions : 1. The price increase which was registered on the 15th of December has been announced by the MACD's crossover on the 10th, the RSI's level of 48 registered with one day before and confirmed by the Stochastic with it's "fast" line coming above the "slow" one on the 16th. As a result we could see a price increase which lasted 26 days (out of which 23 were of bullish trend) and a total growth of 0.1616$ or almost 75%. 2. On the 10th of January, when the price went below the 20 days Moving Average and when the bearish trend has officially started, the RSI had a neutral position at 44, signaling that there were small chances to see an aggressive movement after the big drop in the same day. On the other hand, the ones which have announced the trend change were the Stochastic, which has registered a crossover on the 4th of January and the MACD which went below the Signal on the 9th. As a result, we could see how the price has dropped and we can consider this period more like one in which the price has slowed down, as long as the daily average movement was constantly low for this sector. 3. The last was the price increase which we could see on Friday, the 8th of February. In this scenario, the change in the price direction has been announced first by the RSI, which had the level of 30 and by the Stochastic's crossover registered on the 6th. This movement has been confirmed on the second day by the MACD as well, with it's Signal positioning on the bottom. Today, these 3 indicators are in contradiction, as it follows : * The RSI has a neutral position, at the level of 46, meaning that there is no "impulse" coming soon; * The Stochastic is about to register a crossover, meaning that a possible price decrease may start anytime soon * The MACD is still above the Signal, meaning that the bullish trend which has just started is not over yet. As we can see, the technical indicators are showing different directions, more like on the 16th of December, but if the trading volumes will remain at least constant, it is possible to see the price of Iota setting a new height around the level of 0.31$ for the upcoming days.
BINANCE:IOTAUSD
by ReadBTC
Iota - either this or die.How long will iota be thus cheap? Enabling the true Internet-of-Things through the Machine Economy. The number of connected devices that will be in use is estimated to reach 75 billion by 2025. From tiny sensors on roads and bridges to wearable electronics, mobile phones, and more, every day the world is becoming more and more interconnected. The amount of data being produced and consumed by all these devices is already astronomical. By the end of 2016, the run rate of IP traffic was 1.2 zettabytes per year - or enough data to fill over 9 billion of the highest storage capacity iPhone's available at the time. Over the next five years, global IP traffic is expected to increase five-fold whereby 2021, monthly IP traffic will reach a staggering 31 Gigabytes per capita. But there is a significant problem. During the same period, broadband speeds are expected only to double, and the electromagnetic spectrum is a fundamental limit for wireless communication. The global data pipelines are becoming congested. It will not be possible for all these devices to continuously connect to centralized cloud silos for all the data they will produce, nor will it be possible for analytic engines in these clouds to respond back to the actuators to act on the data in real time. This is where 'Fog' and 'Mist' computing, storage, bandwidth, electricity enters the picture. One has to distribute these resources all across the landscape, which immediately brings up the question of how to do this in practice with all the red tape in place when there are 10s, 100s or even 1000s of stakeholders involved in this new Machine Economy. This conundrum was the cause of the inception of IOTA. Through zero fee transactions, these devices can share these technological resources amongst one another in real time locally in a distributed network, thus avoiding the centralized points of failure, unclogging the resource infrastructure and abide by the laws of physics.
BITFINEX:IOTUSDLong
by Skinwah
2
IOTAUSD - 1D Chart Analysis The end of the year has represented a good period for Iota, with it's price increasing from 0.2506$ on the 17th of December to 0.3726$ on the 10th of January, registering a total growth of 48.63%. Although the odds were looking favorable, the coin was pressured afterwards by the drop of the market capitalization, with the investors being concerned more about the stock market earnings season. In other words, once the bearish trend on a 1D chart was settled on the 10th of January, we could see a period in which the price evolution was slow and inconsistent, followed by 6 consecutive days of losses (including today) caused mainly by the very low trading volumes. And even if the RSI and the Stochastic are close to their "oversold" levels, the MACD is still below the Signal, meaning that it's possible that the price to slow down for a couple of days and then to drop again. Considering also that in the following days we'll have companies like Apple, Pfizer, Verizon and other big names coming up with their financial results, it's possible for the total market capitalization to continue it's negative rally and also for the price of Iota to go towards 0.2050$. The save up may come from the FED if it will take a surprising decision on Wednesday, but the chances are fairly small.
BINANCE:IOTAUSD
by ReadBTC
IOTA/USD IOTA/USD is trading inside a range IOTA has been failing to breakout of $0.4037 for four week the bears pushed prices back but lower levels are attracting buying as the bulls try to stage a recovery. If the coin rises from the current levels, the bulls will again attempt to breakout from $0.4037. If successful, a rally to $0.6, followed by a move to the next overhead resistance of $0.8152, is probable. However, if the bulls fail to force a turnaround at the current levels, a drop to $0.2051 is likely. If this support breaks, a retest of the critical support of $0.1427 will be on the cards. The downtrend will resume if this level gives way. (Not a trading advice.)
BITFINEX:IOTUSD
by JamBirrt